Add It Up: Matific Raises $12M to Expand Internationally

On January 15, New York-based Slate Science, the developer of Matific, raised $12 million in a Series A round led by “existing angel investors,” CEO Guy Vardi told EdSurge. Previous investors, according to CrunchBase, include Benny Schnaider, Roni Einav and Leon Kamevev (who is listed as a founder).

Matific provides K-6 math activities and games for students, used both in the classroom and at home. Matific is available through a browser, as well as on apps for iPhone, iPad, Android and tablets. As of January 2015, over 15,000 teachers use Matific, with approximately 10,000 in the US.

Matific is free for teachers to use in schools. There are two premium options for students who wish to use it at home: Schools can purchase extended use (accessible beyond school property) for $10 per student per year, and parents can purchase access for their child for $36 per year.

According to Vardi, the funding enables the Matific team to expand internationally. Matific currently supports seven languages in 20 countries, and plans to expand further into South America and Asia.

Vardi also plans to develop offerings within the Matific app, as it expands to more schools and regions. “We have a great product, but would like to integrate better with existing curriculum in schools,” he explained. He anticipates that integration with existing material will become increasingly important as Matific expands to a broader range of areas and classrooms.

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